All too often when people think about budgeting they’re envisioning lots of numbers and crazy calculations. But the truth is, a budget is really just a tool to prioritize what’s important to you. When it comes down to it, a budget is more mindset than math.
But if the idea of creating a budget (or even just thinking about your current money situation) still has you intimidated, don’t worry – you are not alone. Lots of people avoid talking about money, budgets, and their financial habits. That’s in part because many of us have been told our entire lives that money is private; that conversations about salary, goals, and struggles are simply off limits.
It’s time to change all that.
If you’re ready to be in control, take steps toward financial wellbeing, and gain peace of mind, then you are ready to budget like a boss!
How Do You Budget Like a Boss?
Together we’re going to break down the budgeting process into simple, manageable steps that can work for you whether you’re just starting out or have years of experience. We’re going to dig into techniques and tools that can help you see, save, spend, and enjoy your money.
Step 1: Consider Your Priorities
Everyone cares about different things and what’s important to us can change over time. We’ll start by exploring our different priorities. We’ll talk about everything from simple pleasures like eating at local restaurants and watching movies to big life goals like owning a home or starting a business. By first identifying our priorities we can better plan how to spend and how to save our money.
Step 2: Explore Different Budgeting Techniques
The envelope method, all cash diets, card only spending, apps, spreadsheets the list of budgeting techniques and tools is endless. No matter which method you choose, successful budgeting comes down to knowing how much you bring in (your income) and how much you spend (your expenses). In this step, we’ll discuss the pros and cons of some of the most popular budgeting methods.
Step 3: Check In With Your Finances
Don’t be afraid of your money. Being informed is empowering! Even if you have a lot of debt (you are not alone) or are living paycheck to paycheck (you are not alone), knowing what’s going on with your finances means you can make more mindful decisions moving forward.
You’ll learn how to complete a financial check-up, get tools and tips for assessing where you’re at and leave better prepared to have a good relationship with your money. But don’t worry, we’ll be talking about big picture strategy, not your specific numbers.
Mindful Money & Other Tips
Regardless of how you budget, there are a lot of tips to increase your money mindfulness and financial wellbeing. Together we’ll share strategies and hacks to change your thinking, spending, and mindset when it comes to finances. Often, simple changes add up to a big impact over time.
Having a Budget Isn’t About What You Give Up, It’s About What You Gain
A good budget is just a good plan. When you find the right combination of tools, techniques, and mindset you gain peace-of-mind and awareness.
So, are you ready to budget like a boss?
This article is sponsored by Like a Boss: Creative Roundtables to Empower Women. This event, hosted by Sass Magazine, is a way for entrepreneurs, side hustlers, and hopeful business owners to learn, mingle, and grow together. Learn more and buy tickets here.